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    Potential negative gearing changes

    Aha moment Thanks Singo for your post above. In five years reading about NG here, this is the first time I recall that I have been able to see what you guys are getting at. Not saying it hasn't been presented before, just that previously the info hadn't sunk into my How is this going to...
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    Potential negative gearing changes

    WOW according to the above chart, Adelaide is more expensive than Brisbane. I haven't heard that before.
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    Potential negative gearing changes

    Hi HoboJo. I totally agree with you that affordability in Sydney went out the window many many years ago. You live in Adelaide, I live in Brisbane. What is unaffordable about homes in both Adelaide and Brisbane, though? And in outer Melbourne? Honestly, my Gen Y son who is a third year Uni...
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    Potential negative gearing changes

    I know you were :)
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    Potential negative gearing changes

    We always go to Bunnings wearing paint-spattered clothes. We go everywhere (except to work) in paint-spattered clothes, they are the only kind we own. I went to an auction up the road from home once, just to suss out the whole auction experience. They were dammed lucky that I didn't turn up...
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    Potential negative gearing changes

    How does anyone know who the investors are at these auctions? Surely this late into the "boom" no real investors are outbidding anyone at a Sydney auction.
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    Potential negative gearing changes

    I like your thinking!
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    Potential negative gearing changes

    Fair enough HJ, but what the hell is the point of a pathetic bit of yield if we cant get amazing Capital Growth? Why would we bother with all the hassle otherwise? I always thought the idea of buying ips was to get capital growth to provide for one's retirement from the workplace. It's a crappy...
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    Potential negative gearing changes

    Of course, Wategos, whatever. Teachers, retail staff, cleaners, hospitality and office personnel all earn over $80K, do they? I'm a Teachers Aide. I'll accept the ATO's own stats thank you.
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    Potential negative gearing changes

    According to this article in Property Observer last week, here is a list of low to middle incomer earners who have claimed NG losses from the ATO...
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    Potential negative gearing changes

    I also know some colleagues at my workplace who have an IP because they inherited Mum's old house and they are renting it out with no financial IQ whatsoever. In these cases the houses are unencumbered and not geared at all.
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